The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Copano Energy beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP loss per share grew.
Gross margins expanded, operating margins grew, net margins dropped.
Copano Energy booked revenue of $396.8 million. The four analysts polled by S&P Capital IQ predicted revenue of $389.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $355.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.22. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. Non-GAAP EPS were $0.22 for Q4 against -$0.02 per share for the prior-year quarter. GAAP EPS were -$0.66 for Q4 compared to -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.2%, 90 basis points better than the prior-year quarter. Operating margin was 4.8%, 190 basis points better than the prior-year quarter. Net margin was -10.4%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $466.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is $1.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 331 members out of 347 rating the stock outperform, and 16 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Copano Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Copano Energy is hold, with an average price target of $35.50.
Is Copano Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Copano Energy to My Watchlist.